Intech Investment Management LLC Has $6.06 Million Stock Position in Intuit Inc. $INTU

by · The Cerbat Gem

Intech Investment Management LLC raised its position in Intuit Inc. (NASDAQ:INTUFree Report) by 3.1% during the second quarter, HoldingsChannel.com reports. The firm owned 7,697 shares of the software maker’s stock after buying an additional 235 shares during the quarter. Intech Investment Management LLC’s holdings in Intuit were worth $6,062,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTU. Nuveen LLC bought a new stake in shares of Intuit in the 1st quarter valued at approximately $882,031,000. Nicholas Hoffman & Company LLC. bought a new position in Intuit during the first quarter valued at approximately $785,564,000. Price T Rowe Associates Inc. MD lifted its stake in Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after acquiring an additional 649,212 shares during the last quarter. Wellington Management Group LLP grew its position in Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after acquiring an additional 358,328 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Intuit by 1.1% in the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock worth $16,780,536,000 after acquiring an additional 294,993 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 over the last three months. 2.68% of the stock is currently owned by insiders.

Intuit Stock Up 1.9%

Intuit stock opened at $662.41 on Monday. The firm has a market cap of $184.68 billion, a price-to-earnings ratio of 48.21, a P/E/G ratio of 2.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm has a fifty day moving average price of $667.47 and a two-hundred day moving average price of $707.18.

Intuit (NASDAQ:INTUGet Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm’s revenue was up 20.3% compared to the same quarter last year. During the same period last year, the business posted $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were given a $1.20 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio (DPR) is presently 34.93%.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. KeyCorp lowered their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Stifel Nicolaus cut their target price on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Rothschild & Co Redburn boosted their price target on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Finally, Bank of America decreased their price target on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $791.82.

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About Intuit

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Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.

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